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Four-Unit Apartment Community
For Sale
$679,500

610 N East Ave, Sarasota, FL 34237

Four units in two masonry buildings on one parcel with Downtown Neighborhood Zoning and seller financing available.

Property SizeContact for details
Lot Size0.22 Acres
Days on Market75

Property Features for 610 N East Ave

General Information

Standard status Active
Lot size 0.22 Acres
Property subtype Multifamily
Zoning DTN

Additional Details

Multifamily Units 4

Building Details

Buildings 2
Units 4
Tenancy Multi
Listing Agency: The Multifamily Firm
Listed By: Phil Ginexi · License #SL3266689
Source: Multifamilyfirm
Added: Jun 17 Changed: Aug 26 Last Checked: Aug 29 at 6:10AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Multifamily Firm

Investment Insights

Based on property information with market context.

East Avenue Apartments is a 4-unit apartment community arranged in two masonry buildings on a single parcel totaling 0.22 acres. The property is being offered for sale with favorable seller financing (see Offering Memorandum for details).

Located in downtown Sarasota, the community is described as being just blocks from the urban core. It benefits from Downtown Neighborhood Zoning (DTN), which may support future redevelopment potential. The remarks also note the property’s proximity to Main Street, Payne Park, the Rosemary District, Sarasota’s Bayfront, and the Legacy Trail connection. Buyers may also have the potential to acquire an adjacent parcel, expanding the site to a combined 0.35 acres (see OM for details).

Key Highlights

  • 4‑unit apartment community built in 1951 in two masonry buildings
  • All 4 units are on one parcel totaling 0.22 acres
  • Downtown Neighborhood Zoning (DTN) noted, offering redevelopment potential

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Butcher (Bike/Boat/Book/etc) Store Florist Fish Market Clothing & Fashion Store Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

4,460
Businesses Nearby

Demographics for 34237, FL

16,740
Population
9,194
Households
1.8
Avg Household Size
42
Median Age
26%
College-Educated
89%
High-School Grad
3.9 sq mi
ZIP Area
4,292
Density / Sq Mi
$63,133
Median Household Income
$35,044
Median Earnings
$1,524
Median Rent
$234,400
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Four units in two masonry buildings on one parcel with Downtown Neighborhood Zoning and seller financing available.
Where is this quadplex located?
The property is located at 610 N East Ave Sarasota, FL.
What is the asking price?
The asking price for this property is $679,500.
What are key features of this property?
This property features: 4‑unit apartment community built in 1951 in two masonry buildings; All 4 units are on one parcel totaling 0.22 acres; Downtown Neighborhood Zoning (DTN) noted, offering redevelopment potential
More about this property
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